The seasonally adjusted unemployment rate in Germany edged down to 3.6 percent in July 2021, the lowest since March 2020, as the number of unemployed declined by 1.2 percent to 1.56 million while employment was unchanged at 41.44 million. Meanwhile, the number of persons in employment whose place of residence is in Germany rose markedly by 105,000, or 0.2 percent, to 44.8 million in July. However, that number was still 1.0 percent lower (449,000) than in February 2020, the month before restrictions were imposed due to the coronavirus pandemic in the country. The youth unemployment rate, measuring job-seekers under 25 years old, declined to 7.5 percent from 7.7 percent. source: Federal Statistical Office
Unemployment Rate in Germany averaged 5.50 percent from 1949 until 2021, reaching an all time high of 11.50 percent in April of 1950 and a record low of 0.40 percent in March of 1966. This page provides the latest reported value for - Germany Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Unemployment Rate in Germany is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Unemployment Rate is projected to trend around 3.40 percent in 2022 and 3.20 percent in 2023, according to our econometric models.